This section outlines the setup and process for issuing real-time loan payouts directly into your client's bank account using Payshap, facilitated by Payaccsys.

Overview

You can disburse the approved loan amount to your client's bank account in real-time using the Payshap service provided by Payaccsys.

Maxadmin: Maintenance and Processes

1. Entity Setups

Ensure the necessary modules are enabled: MaxCollect

2. MaxMoney: CSP User Creation

You must create a dedicated CSP User in MaxMoney to integrate with the Payaccsys API.

Source of Details: Obtain the necessary details from the Payaccsys Portal under Setup $\rightarrow$ General Settings $\rightarrow$ API Settings. Click the Access Token value to view the details.

MaxMoney Field	Detail Source / Value	Note
User	Doesn't matter (any internal user)	Using a Super User makes the specific user name irrelevant.
Branch	Use Main Branch	Currently not actively used, but required for future proofing.
CSP User Name	API Token from Payaccsys Portal
API Key	API Key from Payaccsys Portal
Password	JWT Secret from Payaccsys Portal
CSP	Payaccsys	Select the CSP.
Enabled	True
CSP Super User	True	Enables high-level access.
CSP Payout User	True	Designates this user for processing payouts.

3. Accounting: Ledger and Event Configuration

You need to configure new financial ledgers and the corresponding financial event for payouts.

• Financial Ledgers: Add ledgers for RTC (Real-Time Clearing/Payshap) and OD (One Day) payouts.

Ledger Configuration	Details
Control Account Type	Bank Sub-ledger
Financial Report	Statement of Financial Position
Display in Financial Category	Bank Control Account (Current Assets)
Merchant CSP	Payaccsys
Merchant Reference	10-character reference that will appear on the client's bank statement.
Payaccsys Service Type	Configure ledgers for both One Day Payment and RTC Payment.

• Financial Event: Define the payout event.

Event Detail	Ledger
Dr (Debit)	Capital Out
Cr (Credit)	The new payout ledger
Event Attribute	Payment to Client Bank Account

• Branches: For each applicable Cashbox, ensure the setting Allow new financial events is enabled.

Usage: Making and Cancelling a Payout

Making a Payout

1. Create a loan as you normally would.

2. On the final page of the loan creation process, select the appropriate payout financial event (RTC/Payshap or OD).

Cancelling a Payout

• One Day (OD) Payment: OD payments trigger at midnight and can be cancelled before the trigger time.

• Real-Time Clearing (RTC/Payshap): RTC payments trigger immediately upon creation and cannot be cancelled.

• Post-Payment: Once a payment has been successfully processed, it cannot be refunded.

To attempt a cancellation (for OD payments only):

1. Navigate to Client $\rightarrow$ Payout Instructions.

2. Select Refund Payout Instruction.

Important Notes and Recommendations

• Live Transactions: ALL Payaccsys transactions are live and use real funds loaded onto a company wallet.

• Payment History: Payment history and scheduling can be reviewed in the Payaccsys portal.